Australian, NZ Dollars Lower On China Growth Worries
23 Mayo 2022 - 10:29PM
RTTF2
The Australian and NZ dollars fell against their major
counterparts in the Asian session on Tuesday, as risk sentiment
dampened on growing fears that Covid crisis in China will
deteriorate economic growth.
China's announcement of stimulus measures to boost growth failed
to lift investor sentiment.
Investment banks UBS Group and JPMorgan Chase lowered their
China economic growth forecasts for this year due to the impact of
strict Covid policy.
UBS downgraded its 2022 GDP growth forecast to 3.0 percent from
4.2 percent and JPMorgan slashed its outlook to 3.7 percent from
4.3 percent.
Investors await PMI reports out of Europe and the U.S. for more
signals about economic activity.
The aussie edged down to 0.7066 against the greenback and 90.28
against the yen, pulling back from its early highs of 0.7108 and
90.91, respectively. The aussie may face support around 0.68
against the greenback and 87.00 against the yen.
The aussie touched an 8-day low of 1.5092 against the euro,
following a high of 1.5025 hit at 5 pm ET. On the downside, 1.53 is
possibly seen as the next support level for the currency.
In contrast, the aussie rebounded modestly against the loonie,
with the pair trading at 0.9063. The aussie is likely to face
resistance around the 0.92 region, if it gains again.
Retreating from its early highs of 0.6468 against the greenback,
82.70 against the yen and 1.0978 against the aussie, the kiwi
dropped to 0.6428, 82.04 and 1.1009, respectively. The kiwi is seen
finding support around 0.62 versus the greenback, 80.00 versus the
yen and 1.12 against the aussie.
The kiwi depreciated to a 4-day low of 1.6589 against the euro,
from a high of 1.6509 seen at 5 pm ET. Next key support for the
kiwi is likely seen around the 1.69 level.
Looking ahead, PMI reports from major European economies are due
in the European session.
U.S. new home sales and Canada manufacturing and wholesale sales
for April will be featured in the New York session.
NZD vs US Dollar (FX:NZDUSD)
Gráfica de Divisa
De Nov 2023 a Dic 2023
NZD vs US Dollar (FX:NZDUSD)
Gráfica de Divisa
De Dic 2022 a Dic 2023
